METALS: 07/23/09 Higher closes Wednesday forcopper, gold andsilverbut lower forplatinum. Coppermade its highest high and close since early October once again still in a strong uptrend.Gold made a new recent high close while silver made a new recent high and close bothbreaking out ofsmall bull pennants. Now silver is close to a buy signal. Platinum settled lower but is in a bull flag and should work higher overall from its present levels.
CURRENCIES: 07/23/09 Higher settlements yesterday for the Japanese yen,Swiss franc, Canadian dollar, Aussie dollar,British pound andeuro fx while lower for the dollar index. All of the currencies continue to be in uptrends overall with the euro in a bull flag and the dollar index making a new contract low and close. Theyen continues to lag behind which is normal with a weak dollar while the pound and Aussie dollar are now at the upper end of their respective resistance areas. The dollar made a new recent low and close but settling lower this time.